B. Riley Securities Reiterates Buy on Arch Resources, Maintains $195 Price Target
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Lucas Pipes has reiterated a 'Buy' rating on Arch Resources (NYSE:ARCH) and maintained a price target of $195.
July 31, 2023 | 1:50 pm
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Arch Resources' stock rating has been reiterated as 'Buy' by B. Riley Securities, with a maintained price target of $195.
The reiteration of a 'Buy' rating by a reputable analyst like Lucas Pipes from B. Riley Securities is a positive signal for Arch Resources. The maintained price target of $195 indicates that the analyst believes the stock has significant upside potential. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100